BDO says gov’t can turn to banks if ODA turns sour

Private funding may have taken the backseat after the Duterte administration opted to raise funds for projects by borrowing from foreign governments.

BDO Capital and Investment Corp. president Eduardo Francisco isn’t closing doors just yet as he made a hanging offer for the state.

“BDO Capital fully supports the government’s infrastructure initiative. As a bridge,
(government can) use banks for funding if there are delays, no matter what funding scheme
is utilized,” Francisco said in a statement.

After all, there are P8 trillion worth of projects are out there for them to take a share in.